🔥 JUST IN: Tom Lee’s BitMine Immersion Technologies — the big publicly traded Ethereum treasury play — is now sitting on over $8 billion in unrealized paper losses as ETH prices tank amid the market downturn.
📊 What’s Really Happening:
• BitMine owns around 4.2 + million ETH, amassed aggressively over 2025 as part of its long-term ETH accumulation strategy.
• With ETH dropping sharply below key levels like $2,000–$2,100, BitMine’s holdings are now worth ~$8.2 billion, far below its cost basis — resulting in ~$8 billion+ unrealized losses on paper.
• Its stock (BMNR) has slid significantly as investors price in those mounting drawdowns.
• Tom Lee says these “losses” are part of the plan — not a bug — because BitMine is designed to accumulate and stake ETH over the long haul rather than time short-term swings.
💡 Crypto Reality Check:
This isn’t bankrupting the company — it’s just a massive crypto dip showing up on the balance sheet. BitMine isn’t selling; it’s continuing ETH buys even while underwater.
📣
💬 Viral Caption:
Tom Lee’s BitMine just hit an $8B paper red — but the whales aren’t selling, they’re stacking! 🔥 Even in red, ETH accumulation is the new black. 😎
#ETH #Ethereum #BitMine #Crypto #StackingNeverStops ✨📉🛠️ Loss on paper ≠ loss in conviction.
• 📌 Market vibe: bearish pressure, bullish accumulation mindset
$ETH